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India’s sugar production in the coming 2018-19 season, which starts next month, is likely to be 0.7-0.8 million tonnes less than its estimated total, because of government’s recent decision to incentivise the production of ethanol from intermediary molasses and sugarcane juice. Though the drop compared to the estimated 35.5 million tonnes of sugar production looks […]
July exports of US pork and beef were higher than a year ago, according to data released by USDA and compiled by USMEF. Export value results were mixed, with beef exports posting another near-record month while pork export value declined, reflecting the impact of retaliatory duties imposed by Mexico and China. Led by another spectacular […]
Brazil’s government on Tuesday raised by two million tonnes its projection for soybean exports in the 2017/18 crop to 76 million tonnes amid strong Chinese demand, reducing the crop’s end-stocks to the lowest on record. Agricultural statistics agency Conab raised by 300,000 tonnes its projection for the country’s 2017/18 soybean crop from August to 119.3 […]
Tunisia gathered 1.4 million tonnes of cereals in the 2018 harvest, down from 1.6 million tonnes last year, due to a lack of rain, the agriculture ministry said on Tuesday. The crop includes 960,000 tonnes of durum wheat, 110,000 tonnes of soft wheat and 310,000 tonnes of barley. “Tunisian output of cereals during this season […]
Iran has become a huge financial disappointment for the Kremlin. After being provided access to billions of dollars by the Obama administration, including a multi-billion ransom in cash flown in to Tehran in the middle of the night on an unmarked plane, Russia was planning on reaping billions in windfall contracts from the Islamic theocracy. […]
Australia was expected to produce 19.1 million mt of wheat in the 2018-19 (October-September) season, down 10% from 21.2 million mt in 2017/18, the Australian Bureau of Agricultural and Resource Economics and Sciences said.Not registered? Receive daily email alerts, subscriber notes & personalize your experience.Register Now The decline in estimate is primarily attributed to reduced […]
China’s soybean import pattern went through dramatic changes after the country decided to impose an additional 25 percent tariff on US soybean imports in July 2018. Chinese importers have gradually shifted to domestic producers and products from other countries in an effort to replace US soybeans due to the rise in price. China is the […]
Donald Trump’s trade war with China is hitting American farmers the hardest, forcing them to take losses for soybeans and corn — just as the White House has granted exemptions to some oil refineries to avoid complying with biofuels’ rules. Indeed, soybeans and corn are used to make biodiesel and ethanol that are blended with […]
Saudi Grains Organization (SAGO) has completed procedures for tenders to import 1,500,000 tons of fodder barley from EU countries, Australia, North and South America (excluding Canada) and the Black Sea. Ahmed bin Abdul Aziz Al-Faris, governor of the organization, said on Monday that 11 international companies have been awarded the contract for supplying through 17 […]
THE PRICE and pace of Russian wheat exports combined with the further uncertainty regarding export restrictions continued to be the dominant influence on global wheat futures markets over the past week. The market opened sharply down last Tuesday following the long weekend in the US. This was followed by two more negative days and a […]
A rough winter for grain growers on the east coast has led the Australian government commodity forecaster, ABARES, to predict a 12 per cent drop in winter grain production from last year’s total. Released this morning, the latest crop report is tipping winter production — including wheat, barley, canola, pulses and oats, among others — […]
Western Australia, the country’s biggest wheat exporting state, is poised for near-record harvests of the crop this year after rains in the region in August, even as the eastern grain belt grapples with its second Wheat yields in the state, a key supplier to the world’s biggest importer Indonesia, are expected to be better than […]
Plans for a deal under which Russia and Kazakhstan are to supply wheat to Iran have stalled as “no progress” has been made in its financing, the secretary general of the Iran Federation of Food Industry Associations said. Talks on the deal began six months ago. It would see Russia and Kazakhstan supplying wheat to […]
The Czech Republic’s grain harvest was seen at 6.62 million tonnes in August, a touch higher than previous outlook released in July, data from the Czech Statistics Bureau (CSU) showed on Monday. The forecast still points to a drop compared to last year, when the grain harvest totalled 6.86 million tones. The following forecasts are […]
Statistics Canada is forecasting 21.6 million tonnes of Canadian spring wheat, down three percent from last year. One of Canada’s largest wheat customers will likely increase its purchases in 2018-19, says an analyst. China was Canada’s sixth largest wheat customer through the first 11 months of the 2017-18 crop year, buying nearly one million tonnes […]